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Nov 21, 2012
11/12
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FBC
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melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisions. first it was about obamacare, and they were so upset and didn't want to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of commerce, is ask why they are not doing something, it is uncertainty. they ar paid to manage in uncertainty. there's just a lot of nonsense. the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans to validate, that is why they are not investing. melissa: it is so true. a timed everybody blamed the weather. unseasonably cold or hot. this all makes me pretty depressed and makes me feel like the economy will not get better anytime soon. >> by reelecting barack obama, he w
melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisions. first it was about obamacare, and they were so upset and didn't want to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of...
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Nov 21, 2012
11/12
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CNBC
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your sense on the fiscal cliff impacting small business right now. we saw an article earlier this week talking about big corporations slowing down purchases, but we still haven't -- it's not clear it's impacted the consumer and i want to get a sense from you of how it's really impacting smaller businesses. >> well, of course, consumer spending wasn't very strong in the third quarter. in particular, the services sector grew only .8%. and that's a big small business sector, and that's 70% of the 71% of gdp that's consumption. so that's very important. we haven't really seen much of a pick up in spending there. and that's very important. we'll see what happens to consumer optimism. but owner optimism is going to be important here going forward. and i think that's really a key. >> i saw in your report, small business optimism did rise. how do you think about that in a relative basis for this fiscal cliff we're approaching? >> yeah, it did rise .3%. basically really unchanged from september. the average going into 2008 was 100. we haven't been over 95 in
your sense on the fiscal cliff impacting small business right now. we saw an article earlier this week talking about big corporations slowing down purchases, but we still haven't -- it's not clear it's impacted the consumer and i want to get a sense from you of how it's really impacting smaller businesses. >> well, of course, consumer spending wasn't very strong in the third quarter. in particular, the services sector grew only .8%. and that's a big small business sector, and that's 70%...
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Nov 21, 2012
11/12
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KPIX
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. >>> with the economy inching closer to the "fiscal cliff," it might seem like a bad time for business to bet the farm. but that is exactly what some bay area businesses are doing. cbs 5 reporter mike sugerman shows us they are hoping today's risk will be tomorrow's reward. >> reporter: the company is called jive. these days business is anything but. >> we hired over 100 people throughout the course of 2012. we have opened a new office in san francisco. >> reporter: tony zingale runs the company a social software for the workplace and it's booming not falling off a "fiscal cliff" not concerned with dark clouds over europe. it sees itself on the leading edge of recovery. >> economic downturns always have an up turn at some point and the great companies are the ones that are prepared for that. >> certainly good times in san francisco or they are coming back strong. >> reporter: at the chamber of commerce they point to a lowering unemployment rate and more jobs led by tech, healthcare and tourism. where will they all sleep in where are they going to recline? on their power recliner? >> we
. >>> with the economy inching closer to the "fiscal cliff," it might seem like a bad time for business to bet the farm. but that is exactly what some bay area businesses are doing. cbs 5 reporter mike sugerman shows us they are hoping today's risk will be tomorrow's reward. >> reporter: the company is called jive. these days business is anything but. >> we hired over 100 people throughout the course of 2012. we have opened a new office in san francisco. >>...
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Nov 21, 2012
11/12
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CSPAN
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the unfinished business of the current congress, including how to avoid falling off a fiscal cliff, how to prevent sequestration from happening and the impact that would have, not just on the defense, but domestic discretionary budget as well, and for our purposes, hopefully there will also take the time to pass a defense authorization in order to be able to set some important policy guidance that we need as we go into this next year. the hope is that obviously these issues can be resolved before the congress adjourns. and obviously we are all hopeful that the leadership will be able to come together to find a way to resolve these issues. these are tough decisions. i have been there and know how tough they are, but they can do it, they can do it. it will take some risks, but that is part of the game, yet to take risks in order to do the right thing. -- you have to take risks in order to do the right thing. the worst thing in my perspective can down the road. all that will wind up doing is continue to provide a shadow over the defense department, and the rest of government, as to wha
the unfinished business of the current congress, including how to avoid falling off a fiscal cliff, how to prevent sequestration from happening and the impact that would have, not just on the defense, but domestic discretionary budget as well, and for our purposes, hopefully there will also take the time to pass a defense authorization in order to be able to set some important policy guidance that we need as we go into this next year. the hope is that obviously these issues can be resolved...
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Nov 21, 2012
11/12
by
CSPAN2
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coming together to find fiscal solutions will not be easy. but the stakes are high. uncertainty about how the fiscal cliff, the raising of the debt limit and the longer term situation will be addressed appears already to be affecting private spending and investment decisions and may be contributing to the increased caution in the financial markets with adverse effects on the economy. continuing to push the fiscal policy choices will only prolong and intensify these uncertainties. moreover, the details of every agreement is reached to resolve the fiscal cliff are important the economic confidence of both market participants and the general public will also be influenced by the extent to which our political system proves able to deliver a reasonable solution with a minimum of uncertainty and delay. finding a long-term solutions that can win sufficient political support to be enacted me take some time. the meaningful progress towards this end can be achieved now if policy makers are willing to think creatively and work together and constructively. let me now turn briefl
coming together to find fiscal solutions will not be easy. but the stakes are high. uncertainty about how the fiscal cliff, the raising of the debt limit and the longer term situation will be addressed appears already to be affecting private spending and investment decisions and may be contributing to the increased caution in the financial markets with adverse effects on the economy. continuing to push the fiscal policy choices will only prolong and intensify these uncertainties. moreover, the...
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Nov 21, 2012
11/12
by
CNBC
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. >>> no vacation for business leaders when it comes to worry being the fiscal cliff. what's the best way to solve it? we'll ask democratic senator of maryland. also ahead, the tablet war is heating up as we approach black friday. which device will santa be carrying? we had santa on the floor. he wasn't holding a personal device. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. thrget 3 yearsgiving weekend, interest-free financing and save up to $600 on beautyrest and posturepedic. even get 3 years interest-free financing on serta icomfort and tempur-pedic. mattress pri
. >>> no vacation for business leaders when it comes to worry being the fiscal cliff. what's the best way to solve it? we'll ask democratic senator of maryland. also ahead, the tablet war is heating up as we approach black friday. which device will santa be carrying? we had santa on the floor. he wasn't holding a personal device. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children...
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Nov 21, 2012
11/12
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MSNBCW
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eye 387
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if we get that in place we are removing actually half of the fiscal cliff. >> that was president obama outlining his tax plans for small businesses across the nation. here with us now administrator of the small business administration karen mills. great to see you and have you on the show. >> when the president says 97% of small businesses won't see their taxes go up, is he talking about businesses that file as small businesses? individuals that own small businesses, obviously, will see their taxes go up, right? >> no. he's talking about businesses that file as individual pass throughs. 97% of them will not see their taxes go up if we are able to, right now, get together and do what small businesses really want, which is make a deal. they want certainty. i've heard you say this actually, joe, be often, you know in the last year, small businesses want to know they can move ahead with get more sales and actually that's what i'm going to talk about today, which is, we have small business saturday. >> how do we define a small business? first of all, official small business designation. >>
if we get that in place we are removing actually half of the fiscal cliff. >> that was president obama outlining his tax plans for small businesses across the nation. here with us now administrator of the small business administration karen mills. great to see you and have you on the show. >> when the president says 97% of small businesses won't see their taxes go up, is he talking about businesses that file as small businesses? individuals that own small businesses, obviously, will...